However, lawsuit loans can help you draw a portion of your eventual settlement or compensation package into the present.
Ready to receive up to $1 million to pay for all your current expenses? Apply Now for a Wisconsin lawsuit loan today for FREE. If you want to speak with a team member about the lawsuit loan process, call Lawsuit Loan at (800) 000-0000.
Yes! Litigation funding, legal funding, lawsuit loans, pre-settlement funding—whichever term you use, it’s perfectly legal to provide funds to plaintiffs in lawsuits. However, Wisconsin became the first state to pass specific legislation about the disclosure of lawsuit lending back in 2017. According to Wisconsin Act 235, claimants must disclose to the opposing party the identity of a third-party lender who stands to be repaid out of the eventual compensation package. In other words, it’s important for you and your attorney to let the other side know about your pre-settlement funding arrangement. Lawsuit Loan always operates according to local, state, and federal lending laws as well as industry standards.
Your likely settlement or jury award amount
The expected duration of your lawsuit
The overall strength of your case
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What is a Lawsuit Cash Advance?
A lawsuit cash advance can give you access to the money you expect to win from your settlement now when you need it most. You could wait months or years to receive money from your case. But if you’re like most people, you have bills that need to be paid now.
Legal funding carries many advantages over other types of financing, such as credit cards, a traditional personal loan, or even a second mortgage. However, it has some clear advantages that help to reduce your overall risk and allow you to take home more of your settlement.
What to Know When Shopping for Lawsuit Loans
If you find yourself in a lawsuit and need money, you may be thinking about taking out a lawsuit loan. Many bold advertisements will be sent to you encouraging you to get your hands on large settlements quickly. As inviting as these loans sound, be sure you take some precautionary steps to decide if this is the best course of action in your particular circumstance.
Do Lawsuit Loan Qualifications Differ by State?
Lawsuit loan qualifications are actually quite similar across states, but may differ somewhat by the provider you select. Reputable legal loan organizations will make the process quick and easy. Lawsuit Loan is focused on helping you meet your financial obligations during the lawsuit process.